Ms. Bui Hanh - owner of an 80m2 apartment in Hoang Mai ward - has been selling her apartment for more than 2 months now at a price of over 5.4 billion VND, many customers come to but mainly real estate brokers. Real buyers are very few and also find it difficult to accept high prices.
"In fact, I am not too hasty in selling this apartment. In the past 2 months, I have adjusted the selling price twice, each time increasing by 100 million VND. Brokers who meet me also advise me on many different prices" - Ms. Hanh said.
Meanwhile, with apartment projects under construction, apartment prices are also increasing every week. Mr. Hoang Anh (Ninh Binh province) said that because he will move to Hanoi next year, he learned about an apartment project under construction in Hoang Liet ward.
Mr. Hoang complained: "In early August, my friend also bought at this project, with an average price of about 65 million VND/m2. But at the end of the month, the broker showed me the price list, and the apartment also increased to more than 70 million VND/m2. The high price also made me have to find other locations."
According to real estate traders, housing prices in large cities in Vietnam have continuously increased in recent years at a rate of the highest in the world. In the second quarter of 2025, apartments continue to lead the new supply, accounting for 56%, high-end and luxury apartments still account for a large proportion.
Although supply has improved compared to the end of 2024, apartment prices continue to increase. This makes it increasingly difficult for people with real needs to access housing.
Reporting at the regular Government meeting, on September 6, Minister of Construction Tran Hong Minh assessed that the real estate market is having opposite developments, when prices are high but there are few buyers, many projects are left empty.
The Ministry of Construction also stepped up the development of the pilot project of the model "Real estate transaction center and land use rights managed by the State", completing the national housing database system. These solutions are expected to help increase market transparency, limit speculation and virtual fever.
Analyzing this issue, Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - said that for apartment buildings, land costs account for about 15%, construction costs account for about 50% of the cost. In addition, there are interest expenses, administrative procedures, and project legal procedures.
"First of all, the land price list announced by the State has increased compared to before, causing land prices to increase, leading to increased land use fees and land rents. In addition, the prices of construction materials such as steel, sand, and bricks have all recorded an increase. This has forced investors to recalculate the output product price" - Mr. Le Hoang Chau commented.
